In April 2021 Pinelabs, the BNPL provider of India, took over Fave of Malaysia and Singapore where Fave has more than 6 million customers. The takeover price was US$45 million which lends some doubt to the comparative IOU MC of A$130 million.
https://techcrunch.com/2021/04/13/pine-labs-acquires-southeast-asian-startup-fave-for-45-million/
But the story doesn't end there....
In June 2021 Fave launched a BNPL option in Malaysia and Singapore available to its 6 million existing customers.
https://www.zdnet.com/article/fave-offers-buy-now-pay-later-option-in-singapore-malaysia/#:~:text=Fave%20has%20unveiled%20a%20buy,users%20to%20follow%20next%20month.
Now we learn that two weeks ago Pinelabs filed for a US$500 million IPO in the USA.
IOU is being left for dust in South East Asia.
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.92M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.6¢ | $223.8K | 31.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 42985862 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 13003210 | 11 |
View Market Depth
| Last trade - 16.10pm 23/07/2025 (20 minute delay) ? |
| OVT (ASX) Chart |